Data Analytics Report

AI megadeals push data analytics ahead

Startups organizing massive amounts of data are poised to power the advanced tools of the future such as generative AI, according to PitchBook’s latest Emerging Tech Research. During the first half of 2024 the data analytics vertical raised $20.7 billion in VC funding, on pace to surpass last year’s total of $29.0 billion.

While megadeals such as CData’s $350.0 million growth round and Cohesity’s $150.0 million Series F are pushing the vertical higher, the report spotlights opportunities in the unstructured data analytics category, platforms processing the most generated types of data, such as video and voice. The report examines the segment and highlights other opportunities in the security and management spaces as well.